Kian Capital Partners, a lower middle-market-focused private investment firm, has acquired a Meineke Car Care Center franchisee, in partnership with management, in order to establish a new platform in the general automotive repair space called PARC Auto.
“We are excited to launch the PARC Auto platform, furthering Kian’s experience in the automotive space alongside Kian portfolio companies T Sportline, Eastwood and Driven Lighting Group,” said Kian Principal Caldwell Zimmerman.
PARC Auto is currently comprised of 15 Meineke shops in the Louisville, KY metropolitan area. Bryan Brown founded the franchise group in 1996 and was Meineke Franchisee of the Year in 2008, 2016 and 2021.
“Kian’s impressive track record in the automotive space and founder-friendly approach solidified my decision when choosing a partner,” said Brown, who now serves as PARC Auto’s CEO. “I am proud of the reputation we’ve built and the high-quality service we’ve provided to our customers over the last 27 years. We’ve hit many exciting milestones already, and I am confident that, with Kian, we can accelerate our growth to reach new heights.”
Zimmerman said: “Bryan Brown has an impressive team that has built a commanding presence across the Louisville market, and we look forward to expanding that leadership into new markets through new store openings and acquisitions. Meineke is well-positioned to be an industry consolidator with its highly recognizable and trusted brand supported by best-in-class franchisee resources provided by Driven Brands.”